REGISTERED NUMBER: OC315320 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Woodfellows LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Oscarsiana Estates Limited

S F Sheldrake

REGISTERED OFFICE:

South Green Park

Mattishall

DEREHAM

Norfolk

NR20 3JY

REGISTERED NUMBER:

OC315320 (England and Wales)

ACCOUNTANTS:

Argents Chartered Accountants

15 Palace Street

NORWICH

Norfolk

NR3 1RT

FIXED ASSETS

Tangible assets

3

27,697

23,593

CURRENT ASSETS

Stocks

75,000

85,000

Debtors

4

143,448

302,204

Cash at bank and in hand

552,683

477,855

771,131

865,059

CREDITORS

Amounts falling due within one year

5

107,211

121,260

NET CURRENT ASSETS

663,920

743,799

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

691,617

767,392

LOANS AND OTHER DEBTS DUE TO MEMBERS

691,617

767,392

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

691,617

767,392

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2018.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 2 August 2018 and were signed by:

Oscarsiana Estates Limited - Designated member

1.	STATUTORY INFORMATION

Woodfellows LLP is registered in England and Wales. The LLP's registered number and registered office

address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

These accounts are the first set to be prepared by the company under FRS 102. On transition a review has

been carried out of the previously recognised amounts to identify any that would need to be restated under the

new standards, but no adjustments were required.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Fixtures & fittings

20% on cost

Motor vehicles

25% on cost

Computer equipment

25% on cost

Work in progress

Work in progress is valued at lower of cost and net realisable value subject to the provisions of UITF42 where an

appropriate proportion of profit earned on uncompleted projects at the year end date has been accounted for.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

2,017

3,641

24,164

32,248

62,070

Additions

104

-

11,487

2,018

13,609

At 31 March 2018

2,121

3,641

35,651

34,266

75,679

DEPRECIATION

At 1 April 2017

1,343

2,943

6,041

28,150

38,477

Charge for year

278

234

6,280

2,713

9,505

At 31 March 2018

1,621

3,177

12,321

30,863

47,982

NET BOOK VALUE

At 31 March 2018

500

464

23,330

3,403

27,697

At 31 March 2017

674

698

18,123

4,098

23,593

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

135,297

294,773

Other debtors

8,151

7,431

143,448

302,204

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

13,402

8,179

Taxation and social security

93,809

113,081

107,211

121,260

6.	MEMBERS PROFIT SHARES

Oscarsiana Estates Ltd is a full equity member of the LLP. Simon Sheldrake is a fixed profit share salaried

member and his salary payments are included in the profit and loss account of the LLP.